Can I retire at age 30 with 694,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $694,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$57,310$56,799$56,301$55,815$55,341$54,877
2 years$28,371$27,843$27,331$26,834$26,353$25,885
3 years$18,726$18,196$17,685$17,193$16,719$16,263
4 years$13,905$13,376$12,870$12,387$11,924$11,482
5 years$11,013$10,487$9,988$9,514$9,065$8,638
6 years$9,085$8,563$8,072$7,608$7,173$6,762
7 years$7,709$7,191$6,707$6,255$5,833$5,439
8 years$6,677$6,164$5,688$5,247$4,839$4,462
9 years$5,875$5,367$4,899$4,470$4,075$3,714
10 years$5,234$4,731$4,271$3,853$3,472$3,127
11 years$4,710$4,212$3,761$3,353$2,986$2,657
12 years$4,273$3,780$3,337$2,941$2,588$2,274
13 years$3,904$3,416$2,982$2,597$2,257$1,958
14 years$3,588$3,105$2,679$2,305$1,978$1,694
15 years$3,314$2,837$2,419$2,056$1,742$1,472
16 years$3,075$2,603$2,193$1,841$1,539$1,284
17 years$2,864$2,397$1,996$1,654$1,365$1,123
18 years$2,676$2,215$1,822$1,490$1,214$984
19 years$2,509$2,053$1,668$1,347$1,082$865
20 years$2,359$1,907$1,531$1,220$966$762
21 years$2,223$1,777$1,408$1,107$865$672
22 years$2,099$1,658$1,297$1,006$775$593
23 years$1,987$1,551$1,198$917$696$525
24 years$1,884$1,453$1,108$836$625$464
25 years$1,789$1,364$1,026$763$563$412
26 years$1,702$1,282$952$698$507$365
27 years$1,621$1,206$884$639$457$324
28 years$1,547$1,137$822$585$412$288
29 years$1,477$1,072$765$537$372$256
30 years$1,413$1,013$712$493$336$227
31 years$1,352$957$664$453$304$202
32 years$1,296$906$619$416$275$180
33 years$1,243$858$578$382$249$160
34 years$1,193$813$540$352$225$143
35 years$1,146$771$505$324$204$127
36 years$1,102$732$473$298$185$113
37 years$1,061$695$442$275$168$101
38 years$1,021$661$414$253$152$90
39 years$984$628$388$234$138$80
40 years$949$598$364$215$125$72
41 years$915$569$341$199$113$64
42 years$884$542$320$183$103$57
43 years$853$516$300$169$93$51
44 years$825$492$282$156$85$45
45 years$797$469$265$144$77$40
46 years$771$448$249$133$70$36
47 years$746$427$234$123$63$32
48 years$722$408$219$114$58$29
49 years$699$389$206$105$52$26
50 years$678$372$194$97$48$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $694,000, adding $4,581 every year, while hoping to spend $43,916 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 54/33/13 Blend
29$694,000$694,000$694,000$694,000
30$769,513$732,731$721,974$808,215
31$801,277$721,909$699,434$824,233
32$834,810$709,084$674,667$836,531
33$870,244$694,113$647,552$848,906
34$907,726$676,842$617,963$861,376
35$947,416$657,109$585,766$873,960
36$989,489$634,744$550,825$886,686
37$1,034,133$609,563$512,995$899,583
38$1,081,559$581,376$472,125$912,691
39$1,131,994$549,979$428,056$926,052
40$1,185,686$515,157$380,625$939,719
41$1,242,909$476,683$329,659$953,752
42$1,303,962$434,316$274,979$968,223
43$1,369,172$387,804$216,397$983,213
44$1,438,898$336,876$153,716$998,816
45$1,513,533$281,251$86,734$1,015,141
46$1,593,509$220,628$15,235$1,032,312
47$1,679,299$154,690$0$1,050,473
48$1,771,421$83,104$0$1,078,255
49$1,870,447$5,516$0$1,110,178
50$1,977,000$0$0$1,144,369
51$2,091,769$0$0$1,209,589
52$2,215,508$0$0$1,282,115
53$2,349,044$0$0$1,360,436
54$2,493,290$0$0$1,445,095
55$2,649,244$0$0$1,536,684
56$2,818,008$0$0$1,635,857
57$3,000,789$0$0$1,743,333
58$3,198,918$0$0$1,859,900
59$3,413,855$0$0$1,986,428
60$3,647,208$0$0$2,123,871
61$3,900,745$0$0$2,273,281
62$4,176,411$0$0$2,435,813
63$4,476,345$0$0$2,612,739
64$4,802,901$0$0$2,805,459
65$5,158,671$0$0$3,015,511
66$5,546,503$0$0$3,244,592
67$5,969,537$0$0$3,494,566
68$6,431,225$0$0$3,767,487
69$6,935,368$0$0$4,065,615
70$7,486,150$0$0$4,391,437
71$8,088,178$0$0$4,747,695
72$8,746,525$0$0$5,137,403
73$9,466,773$0$0$5,563,883
74$10,255,072$0$0$6,030,791
75$11,118,192$0$0$6,542,155
76$12,063,589$0$0$7,102,409
77$13,099,473$0$0$7,716,437
78$14,234,888$0$0$8,389,617
79$15,479,793$0$0$9,127,875
80$16,845,155$0$0$9,937,733
81$18,343,056$0$0$10,826,380
82$19,986,804$0$0$11,801,732
83$21,791,056$0$0$12,872,508
84$23,771,958$0$0$14,048,313
85$25,947,296$0$0$15,339,729
86$28,336,662$0$0$16,758,412
87$30,961,640$0$0$18,317,203
88$33,846,007$0$0$20,030,247
89$37,015,957$0$0$21,913,129
90$40,500,348$0$0$23,983,019
91$44,330,973$0$0$26,258,833
92$48,542,859$0$0$28,761,410
93$53,174,596$0$0$31,513,712
94$58,268,701$0$0$34,541,035
95$63,872,020$0$0$37,871,253
96$70,036,165$0$0$41,535,075
97$76,818,002$0$0$45,566,336
98$84,280,188$0$0$50,002,318
99$92,491,760$0$0$54,884,099
100$101,528,785$0$0$60,256,941